Hilton Smythe welcomes to the market, Freeman & Sons.
Freeman & Sons was founded over 40 years ago and the fruit & veg side of the business has traded since 1922. The current owner has run the business successfully and lucratively since 2005 and is now only selling, albeit reluctantly due to poor health and a wish to spend more time with his young family.
Freeman and Sons is a traditional butchers specialising in locally produced meat and poultry, much of it coming from their own family farm such as;
• Grass fed Beef
• Burgers (homemade)
• Free Range chicken and chicken livers
• Free Range pekin and Aylesbury duck
• Gammon joints
• Goose (seasonal)
• Barbecue packs of meat
• Sausage meat-gluten free
• Turkeys free range
• Freemans Gold signature sausages
• Faggots, homemade and selling 3-400 a week.
Additionally, the business has a fantastically well stocked shop selling milk, eggs and butters, a great selection of cheeses, pies and pasties, general groceries and a massive selection of fruit and veg which literally spills onto the pavement.
The business has an impressive number of regular customers many of whom are known on a first name basis by the current owner who is a popular and well-respected member of the local community and it enjoys great visibility on the internet.
The business is proud of its 4 star hygiene rating.
A particular feature of this business is the wholesale side which has a significant number of regular contracts with businesses such as pubs, restaurants, community shops, residential homes and schools. Approximately a third of the turnover generated comes from the retail shop with the remaining two thirds coming from the wholesale side.
Scope to Improve
1. Advertising and marketing campaign
2. Maximise the use of social media
3. Extend the opening hours
4. Website to extol the products and services offered, ideally with an e-Commerce facility.
5. Canvass local business with a view to becoming their preferred supplier
6. Explore online voucher discounters such as Groupon and Wowcher.
Reasons to Buy
1. A well established business with an enviable reputation and many existing customers
2. Little or no competition locally
3. Ideal trading position in a busy parade with loads of free parking.
4. Current owner happy to offer a handover to ensure the continued success
5. Low running costs with inexpensive rent and no business rates
6. Ideal owner managed or husband and wife business.
7. There is the possibility of purchasing the fruit & veg stall that has traded in Redditch Market since 1922.
Hilton Smythe highly advise early viewing to avoid disappointment, this great little business is likely to attract considerable interest.Location
Freeman & Sons is located in Alcester in the county of Warwickshire.
Alcester is a market town and civil parish of Roman origin at the junction of the River Alne and River Arrow in Warwickshire, approximately 8 miles west of Stratford-Upon-Avon and 8 miles south of Redditch. It is also close to the Worcestershire border.
Alcester is a significant town on the 100 mile long Heart Of England Way, a long distance walking route.
Alcester is served by buses from Redditch, Evesham and Stratford-Upon-Avon.
Freeman & Sons is perfectly situated at the start of an unusually busy and vibrant shopping centre alongside other complimentary retail businesses such as a Tesco Express Convenience Store, an Off Licence, fish & chip shop and a betting shop. Therefore, the business benefits from really high levels of footfall along with passing trade.
The business is immaculately presented and maintained with clear visible signage and a pull-out canopy that makes the business hard to miss.
There is free parking immediately outside the premises as well as free on street parking in the surrounding area.Premises
The business occupies the ground floor of an end terrace, purpose-built shop unit and briefly comprises;
Pull out canopy to front creating a large undercover area for the display of an impressive range of fruit and veg, windows and glazed door the create a light, airy and inviting interior.
Tiled walls and floors, suspended ceiling with concealed lighting, two long open chillers to either side of the shop, (these are relatively new) long, glass fronted and refrigerated serve over counter running the width of the shop, range of base units with worktop above.
• 2 Meat slicers
• 2 sets of scales
• Stainless steel sink and drainer
• 2 butchers blocks
• Set of digital scales
• Chest freezer with stainless steel top
• Two generous walk-in chillers that have recently been serviced and regassed
• Stainless steel preparation tables
• Henkelman Vacuum packing machine
• Till and card machine
Wash Up Area:
With deep stainless-steel sinks and spray tap, separate hand wash basin with soap dispenser, freestanding chrome shelving unit and commercial induction oven.
There is a staff toilet with disabled access and hand wash basin.
Rear Preparation Area:
With stainless steel preparation tables, mincing machine and sausage maker, door to rear yard with parking space for two cars/vans and an Enbloc garage with up and over door.
A useful office area with space for desk, chair, filing cabinets and storageTenure
We are advised that Freeman & Sons is being sold as a Leasehold business opportunity.
The existing lease expires in December 2019 but we are advised that the landlord would be happy to negotiate a mutually acceptable lease with a new owner.
The rent is £11,440 per annum which is really reasonable given the brilliant trading position and size of the premises.
We are advised that the business benefits from being exempt from business rates.Hours
Monday to Friday 7.00 am - 5.00 pm
Saturday 7.00 am - 3.00 pm
The business is run and managed by our client with the help of 3 full time members of staff.Financial Profile
Freeman & Sons generates an advised current turnover of circa £770,000 per annum with approximately 30% of the turnover being generated through the shop and roughly 70% through the wholesale side.